Financial Education Services also known as FES, Launched the new “FES Black Card Membership” at its 3rd Annual National Convention held on February 10th -12th at the Planet Hollywood Hotel and Casino in Las Vegas Nevada.

The event started out with a stage production by Director of Training, Gregg Amerman and included Frenita Amerman as well as FES Co-Founders Mike Toloff and Parimal Naik. This year’s theme was “All In” and the stage presentation was centered on gamblers at a card table.

The FES Convention was represented by FES agents from all across the country. The 2nd night was capped off with an awards ceremony. Agents from across the country were recognized for their 2011 achievements and awards were also given out to agents recognized by their peers.

The highlight of this year’s FES Convention was the introduction of the “FES Black Card Membership” and a highly enhanced compensation plan designed to provide new distributors with a tremendous opportunity at earning a full time income and achieving titles at a brake neck speed.

FES is clearly on the move to help consumers with financial challenges as well as people interested in taking control of their financial future through a very lucrative business opportunity that is in line with the growing needs of consumers in today’s market place.

The “FES Black Card Membership” is a holistic approach to not only helping consumers recover from financial crisis but as well protecting their financial future. The “FES Black Card Membership” (BCM) provides ALL the financial services that FES offers in one membership plan.

The “FES Black Card Membership” includes:

1. Credit Restoration (unlimited)
2. Positive Credit Builder
3. Term Life Insurance
4. DebtZero
5. Wills and Trust Program
6. My Financial Lockbox
7. Identity Theft Protection

The “FES Black Card Membership” is a revised version of FES Protection Plan that now includes “Credit Repair”. This option that was previously only available to distributors is now available to consumers for a low monthly fee.

The compensation plan enhancements where off the charts. FES is now offering a “Fast Start” bonus for new agents as well as many other features that are sure to take FES and its agents to the next level and certainly make FES a household name in 2012 and beyond.

Also introduced was the R & R Club that includes a car allowance (Audi R8), Mortgage payment and very attractive monthly bonuses. The R & R Club is really the fuel that drives the engine. FES recognizes that having a goal to achieve in your business is what keeps you in the game and will continue to move you toward greater success with your business.

Other highlights include the new Youth Financial Literacy Foundation website: www.yflfoundation.org. The YFL is designed to educate the youth in America on the importance of financial literacy.

Click here to learn more about the FES Black Card Membership and how you can become a part of this incredible opportunity > FES Business Opportunity

Some of the debts that Asset Acceptance was trying to collect on had exceeded the statute of limitations. As a consumer it is important to understand your rights under the Fair Debt Collections Practice Act (FDCPA).

So the question “Should I pay the collection agency” depends on whether or not the collection company can legally collect on the debt.

Collection agencies have strong motivation to get your money and get it quick. This gives can give you some useful leverage when negotiating a debt settlement. Making use of your bargaining power can enable you to negotiate a better settlement and start you on the road to cleaning up your credit report once you have determined that you actually owe the debt.

Another alternative to paying a collection agency is going through a credit restoration service. By using a credit restoration service you can potentially eliminate items . Items that are on your credit report may come off as a result of the collection companies failure to validate the debt or not being in compliance with the Fair Credit Reporting Act ( FCRA) guidelines.

So the bottom line is, be sure to educate yourself before agreeing to pay a collection agency money that may not legally owed or collectable by the collection agency.

FES National Convention

On February 10th – 12th, 2012 Financial Education Services will be holding there 3rd FES National Convention in Las Vegas Nevada.

Join us for a full weekend of fun and entertainment, combined with knowledgeable business training and education.

FES National Convention Itinerary

By attending the 2012 FES National Convention, you’ll have the opportunity to:

• Receive extensive sales training through interactive entertainment
• Understand how to build a successful business
• Meet other FES agents and FES corporate executives
• Experience unlimited networking opportunities
• Learn what’s up and coming for FES in 2012
• Be a part of our “Academy Awards” style recognition ceremony

Our host for the FES National Convention is Planet Hollywood Resort & Casino, located on the Las Vegas strip. Enjoy spacious rooms, “Dine Around the Planet” and tons of entertainment at one of the most exciting destinations Las Vegas has to offer.

Financial Education Services (FES) is a provider of high value, much need basic financial services designed to help education consumers and also provide financial protection for all consumers. FES is currently on a National expansion and seeking qualified individuals to help with spreading the importance our financial services provide.

If you are interested in learning more about how you can become a part of this National expansion and attending the 2012 FES National Convention please contact me directly at 954-707-2932 or visit Financial Education Services Opportunity.

If you ask the everyday person out in the street you will get variety of answers. Most will tell you that by pulling your credit report your score will go down. The real answer depends on how and who is pulling your credit report. What we are really talking about when we say, “Does checking your credit score lower it?” are inquiries on your credit report. These inquiries are as a result of someone or yourself looking at your credit report.

Does Checking Your Credit Score Lower it? – The Truth

First let’s understand what an inquiry is and what types there are. An inquiry happens when someone, including you, pulls or accesses your credit file. There are two types of inquiries, a soft inquiry and a hard inquiry. A hard inquiry happens when you apply for some type of credit. For example if you are looking to buy a home and you go to the bank, complete an application for a loan, then the bank pulls your credit. Same thing as if you apply for a car loan or a credit card. Once you complete the application and the lender or finance company pulls your credit you will then have a “Hard Inquiry”.

A hard inquiry doesn’t necessarily hurt your credit score or it’s negligible if done correctly. In most cases the impact is minimal and can be as little as 5 point decrease in credit score. Let’s say again that you are looking to buy a home and in doing so you’re rate shopping to get the best possible interest rate on your home loan. You may visit 3 or 4 different mortgage lenders to see what type of rate you can get and each one pulls your credit report. In this case as long as it is done within a 45 day time frame it is viewed as a onetime event and the answer to the question; “Does checking your credit score lower it?” would be yes, but not enough to really matter.

Now let’s talk about soft inquiries. A soft inquiry has no impact on your credit report. A soft inquiry happens when you, the owner of the credit report, pull your own report. In others words, you’re not applying for credit, you’re just checking your report. A soft inquiry can also happen when a creditor that you currently have a loan or some type of financing with reviews your credit file. Many times consumers will see these on their credit report and wonder why they are on the report. These companies have the legal right under the FCRA, since they extended you credit to review your file; the important thing is there is no impact to the score because this is considered a soft inquiry.

So to answer the question, “Does checking your credit score lower it?” Yes and No. Hard inquiries are the credit reviews or credit pulls that you want to be careful with. If you have too many outside of the 45 day window then it can appear as though you are desperate for credit. One the other hand if you are personally accessing you own report, which we recommend you do at least 4 times per year or once a quarter, there is no impact and more importantly you will be up to date as to what is reporting on your credit report.

To learn more about “Does Checking Your Credit Score Lower It” and other important credit topics, visit Credit Rights

How Long Does it Take to Improve Credit Score?

How long does it take to improve credit score is a question I get quite frequently. The answer to this question can and will depend upon the individual personal credit profile and situation. No two credit profiles are alike. There are many factors that go in to determining a person’s credit score.

The first thing I would tell you is the improvement of your credit score is NOT an overnight process. In some cases it could take as long as a year or more. In other cases it could take as little as 45 days. The key here is, when you say, how long does it take to improve credit score? What are your goals? Are you trying to increase your score by a certain number of points to meet a credit score requirement to make a purchase? Or are you trying to raises your score to the highest possible level to improve your overall financial picture?

How Long Does it Take to Improve Credit Score Strategy

So where do we start when looking to improve your credit score? Obviously you need to have a copy of your credit report to review. What exactly are you looking for when reviewing your credit report? The first thing you need to do is check your report for accuracy. Make sure that the information that is reporting is correct. Things like your name, address, social security number, employment info, residence. This information may not play a role in your score but remember this is your report and you want it to be accurate.

The next thing you want to look for is any derogatory information that might be reporting. Things like late payments, collections or charge-offs. As well you want to check the public record section of your report to see if you have any judgments or liens reporting. If you have this type of information you may need to speak with a professional Credit Restoration Service.

After you’ve checked for derogatory information reporting the next step is to check your debt to credit balances. In other words are any of your credit cards maxed out or over the limit? The rule of thumb here is to pay down your credit cards to 30% of the available balance in order to maximize your credit score. So if your credit limit is $1000.00, you want to keep your balance below $300.00. By simply doing this you can greatly increase your score in a short period of time, as long as there are no other issues with your credit report.

Another item to look at is how many and what type active accounts do you have open? How many revolving accounts, installment accounts, store credit, secured accounts…etc. Mixture of credit also plays a role in having a good credit score. This is something that can take a little time to establish but something you need to be aware of. You may need to establish addition revolving accounts (2 to 3 seems to work well). Again, remember to keep your balances below 30%.

How Long Does it Take to Improve Credit Score is a Commitment!

These are just a few on the things that will help you improve your credit score. The important thing to remember is that it’s going to take some time. By using the educational tools and resources provided by Financial Education Services and applying the knowledge you learn, you will achieve your goal. So the question really isn’t, how long does it take to improve credit score, but what do I need to do to improve my credit score, then make the long term commitment to just do it and everything else will fall into place.

Introducing My Financial Lockbox

Financial Lockbox is an online solution that enables you to store financial data in a single, secure, password-protected location for easy access by you or loved ones that you select and authorize.

Did you know 1 out of 3 life insurance policies go unclaimed? Did you know there is over $10 Billion in lost stocks, bonds, and dividends? That $8 Billion has been wasted in unused gift cards? Or that $850 Million has gone unclaimed in 401k accounts?

If you’re like most families, one person is generally designated to handle the financial aspects of the household. Or, if you’re single, you may be the only person who knows the type and location of your financial accounts.

What if your loved ones suddenly found themselves in the position of taking over your finances without warning? Would they be able to locate insurance, bank and financial records in the event of an emergency? If your computer crashes or you have a fire – do you have complete, concise records of your financial data?

How My Financial Lockbox Can Help You

My Financial Lockbox will help you to establish a complete listing of all life insurance policies, bank accounts and other financial data – for your records, as well as an appointed contact. All of your financial documents will be organized and easily accessible at tax time. You can have peace of mind, knowing that in case of an emergency, My Financial Lockbox will be able to assist you with restoring your records.

To learn more visit: My Financial Lockbox

Are you a student who is using multiple credit cards to make purchases while hanging around with friends? If answered yes, you must be aware that misusing your credit cards will have a trashing impact on your credit score. As a student, you have to take care of your credit score as a good credit score is important for you when you grab a job in the market. However, if you’ve taken out too many credit cards without even knowing the exact way to use it, you’re probably mistaken. If you’ve incurred too much debt on all your cards, make sure you consolidate them through a professional credit card consolidation company. Here are some benefits that you may reap.

• Assessing your present financial condition: The debt consultant who is representing the company will assess your present financial situation and the exact reason that led to high interest debt. Unless they know the state you’re in, they can never give you the right advice regarding your debt situation. As your fiscal situation will be assessed by your debt consultant, you can receive the best benefit out of their advice.
• Negotiations on your behalf: Being a student, you must be very busy with your studies and you may find no time to negotiate with your creditors and speak about the interest rates. However, if you enroll yourself with a credit card consolidation company, you won’t have to negotiate with them as the debt consultant will do that on your behalf.
• Lower interest rates: The most prominent reason behind the rising defaults on credit card debt is the outrageously high interest rates. The debt consultant will negotiate with your creditors and lower the interest rates on your cards so that you can easily repay the loan in small and affordable monthly payments. Being a student, you should make sure you get low interest rates on the accounts so that repayment becomes easier for you.
• Single monthly payment: Instead of making multiple payments to multiple creditors, you have to make a single monthly payment to the credit card consolidation company so that the payments are disbursed to your creditors in due time thereby making you debt free in the near future.

Therefore, if you’re student, you should make sure that you maintain a good credit score so that the employers don’t turn you down while hiring employees for their organizations. Get help from a credit card consolidation company so that you can easily get back a firm grip on your finances and make ends meet.

Author’s Bio: Martha Jackson loves to write financial articles and she is a contributory writer associated with the Debt Consolidation Care Community and has written several articles on debt consolidation, debt settlement and get out of debt for various financial websites. She holds her expertise in the Debt industry and has made significant contribution through her various articles.

Negative items have a specified time frame that they can be reported to your credit report. It is improtant to understand what the time frame is as well as what the Fair Credit Reporting Act requirements are for the item to be reported.

Negative credit accounts, or trade lines, can remain on your credit report for up to 7 years, and bankruptcies and other public records for up to 10 years. Inquiries on your credit report may remain for 2 years. These are the maximum times that are permitted by federal law for reporting agencies to show negative items; however, the important thing to remember is that these are not mandatory. At any time, a creditor or credit bureau may remove a derogatory remark from your credit report if the consumer requests an investigation into remarks that they feel are incorrect and it is determined that the information is obsolete, inaccurate, erroneous or unverifiable.

For more information visit Credit Restoration Service

Consumer Credit Counseling Services will not help remove negative information that is reporting on your credit report. To remove negative information you must got through a dispute process.

httpv://www.youtube.com/watch?v=AKap54OZcCw

Debt Settlement Offer to Collection Company

Debt settlement means that the original debt is not paid in full and that some lesser amount is accepted as a means of satisfying (or discharging) the debt. By settling a debt, you may avoid bankruptcy, stop collection calls and letters, and prevent your debt from being charged off. Keep in mind, disputing collection accounts may trigger a flurry of settlement offers from creditors.

It may be in your best interest to take advantage of these offers. Here are 11 tips to get started.

1. Make sure you owe the debt by first “validating” the debt

2. Don’t contact the creditor or collection agency until you are ready to negotiate (and pay) a settlement offer. Attempt to reach a settlement for 20% to 50% of the original debt.

3. When you call the collection agency, get their physical address, direct line and fax number. Follow up all phone conversations with a written letter.

4. Be sure to keep good records of who you talked to (and their supervisor), what you agreed upon, and other terms of the settlement offer.

5. Always get your terms in writing before you even consider making a payment. Never expect a creditor to uphold a verbal agreement.

6. The older the debt, the less the collection agency expects to recover.

7. It is not wise to make arrangements for a “payment plan” to a collection agency. Extra interest or handling fees could be added to your balance, making it even harder to pay the balance down. In some cases, making payments could even restart the Statue of Limitations. Wait to contact them until you are in a position to make a lump sum payment.

8. Send any and all correspondence to the collection agency via registered mail with a receipt request. Keep a copy for yourself.

9. Penalties and extra interest are typically amounts added on by the collection agency to boost their profits. Most companies will agree to waive the added fees if you pay the debt.

10. Never look too eager to settle, or let the collection company know that you are buying a home, car or anything else. If you appear too eager, the creditor will insist on a higher payment, after all they know how much you need to settle. Likewise, be honest about how much you owe and how much you can pay. Remember, the collection agency has access to your credit report and can see your other debt. Take your time to reach an acceptable offer.

11. Once the debt is paid, the deal is over. Be sure that you have included all of your terms, including how the item should (or should not) appear on your credit report.

If you follow these 11 steps you will have a better chance of successfully settling your debt and can now begin the process of restoring your credit.